Analyst jobs are in demand and the average salary depends on a variety of factors that all influence the size of your paycheck, but the main factor is how much your company values your work based on their need.īelow you can see the average annual salary (base) for a typical data analyst role from an entry level junior data analyst that can earn up to $56,000 to a more senior analyst that can go earn an average of $73,000. Earning potential and total compensation will be based on the kind of work you do, how many years of experience you have, and what type of company you are working for. Communication – communicate their findings to the rest of the companyĪ data analyst’s salary isn’t just a number.Business and domain knowledge helpful – understanding of what the data represents and patterns in the industry to understand the needs of the market.Research skills – gather information and data from diverse sources.
Attention to detail – spot and resolve errors.Problem-solving – solve problems quickly and make sound decisions.Presentation skills – present data findings in a manner others can understand.Critical thinking – look at concepts, judge them against what you already know to make decisions about findings.Excel – spreadsheet and reports knowledge.Statistics and business intelligence tools.They use a variety of data science tools and techniques to ensure that the data they are analyzing is accurate and relevant. These analysts are the ones collecting, analyzing, and interpreting the data that helps organizations make strategic decisions. Data analysts crunch data for companies, governments, and other organizations to help them make better decisions. Lots of people can tell you that data analysts analyze data, but the reality of the data analyst’s job is a lot more complicated than that. In fact, everything that a business does relies on an analyst to convert numbers into usable information. The reason for the increase in data analysts is due to the growth in data collection by companies, so there is a need for people who have the skills to analyze the data. What is the future outlook?Īccording to the Bureau o f Labor Statistics, data analysts are growing by 25% over the next ten years. It all comes down to a company wanting to have actionable insights to work with in order to make better business decisions. Some company’s data analyst job openings demand their analysts have advanced degrees and years of experience, while others are happy if the person they hire can work a spreadsheet. It’s a profession that is still evolving, being shaped and molded by the companies that employ them and the individuals who fill that role. The role of a data analyst can be very tricky to define.
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